Even Wealthy Landlords Are Skipping Payments on Office Buildings (bloomberg.com) 18 points by newmac 3y ago ↗ HN
[–] scarface74 3y ago ↗ > Or not. Last month, Columbia Property Trust defaulted on about $1.7 billion worth of mortgages“If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem”
[–] fbdab103 3y ago ↗ What is the largest office building that has been seized by a lender? How do you go about re-selling such a building or does the bank just have to become a landlord and rent it out piece by piece?
3 comments
[ 3.7 ms ] story [ 15.5 ms ] thread“If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem”